Auscrete Corp (PK:ASCK)
Business Focus: Homebuilding
| Sector: Consumer Cyclicals | Industry: Homebuilding |
| Company Contact | |
| Address: | 504 WEST FIRST ST. RUFUS OR 97050 |
| Tel: | N/A |
| Website: | www.auscretehomes.com |
| IR: | See website |
| Key People | ||
| John A. Sprovieri President, Chief Executive Officer, Director | Michael Young Chief Financial Officer, Vice President - Operations, interim Director | |
| Business Overview |
| Auscrete Corporation is engaged in developing technologies for the construction of affordable, thermally efficient commercial structures and residential housing. The Company uses green product design for its products, which has a minimal impact on the environment. It manufactures large building products in mass production formats. Each house is constructed on site and produces a site-built home, a durable home that combats all kinds of adverse weather and age conditions. Its specialized concrete construction products are cement and sand. The mixture uses a non-toxic, biodegradable surfactant to produce the injected bubble aggregates. The insulating value consists of a homogeneous integration of the cementitious product and extruded polystyrene (XPS), which can be re-used simply by melting and reconstitution. The Company offers affordable housing products and also offers some luxuries as well, such as standard heat pumps and air conditioning. |
| Financial Overview |
| For the three months ended 31 March 2023, Auscrete Corp revenues increased from $0K to $34K. Net loss decreased 44% to $148K. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects Gain / (Loss) on Derivative decrease of 63% to $35K (expense), Financing cost decrease from $42K (expense) to $0K. |
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